0
Accounting is the process of recording, summarizing, and analyzing financial transactions of a business. It focuses on providing accurate and reliable financial information to stakeholders.
Example: An accountant prepares financial statements like income statements and balance sheets, ensuring they comply with accounting standards.
Finance is broader, encompassing all aspects of money management. It involves making strategic decisions about how to acquire, allocate, and utilize financial resources to achieve organizational goals.
Example: A financial manager analyzes investment opportunities, manages cash flow, and makes decisions about how to raise capital.
FOR MORE INFORMATION GO THROUGH OUR WEBSITE: speaksaga. WE ARE PROVIDING INTERNSHIP FOR FRESHERS AND STUDENTS WE ARE PROVIDING SKILLS FOR GROWTH THROUGH A INTERNSHIP
NO NEED TO PAY ANY AMOUNT FOR INTERNSHIP
What else can I help you with?
Long term finance sources?
Following are long term finance source:Bonds issueDebenturesIssuance of share capital
What is the abbreviation for Amortization?
The abbreviation for amortization is "Amort." This term is commonly used in finance and accounting to refer to the gradual reduction of a debt or the allocation of an intangible asset's cost over time.
Is this a correct accounting term - Cut an invoice?
yes
What is the sources of working capital?
Also known as capital employed its the total long term finance injected in the business i.e. Long term debt + equity
What is meant by the term factoring accounts receivable?
Factoring accounts receivable is a term used in finance. It refers to a specific kind of transaction in which one business sells invoices to another business at a discount.
What do you mean by equity in finance?
Equity in finance refers to the residual value of assets. The term equity can also be used in association with accounting.
Which is more risky between running finance and term finance. and why.?
Which is more risky between running finance and term finance. and why?
What Are Finance and Accounting?
Accounting focuses on the day-to-day movement of money in and out of a corporation or institution, whereas finance is a broader term that encompasses asset and liability management as well as long-term growth planning. Finance and accounting work at different levels in the asset management spectrum. Financial accounting includes the preparation of financial statements such as a balance sheet, income statement, and cash flow statement. The branch of accounting that deals with the summarization, analysis, and reporting of a company's financial activities is known as financial accounting.
What is long term finance?
Long term finance simply means money that is set aside for achieving goals that may take a long period of time. An example of long term finance may be retirement savings.
Long term finance sources?
Following are long term finance source:Bonds issueDebenturesIssuance of share capital
What are the functions of multinational companies?
short term finance long term finance foreign trad function
Sources of finance for expanding the business?
sources of finance for expanding the a bussiness? short term medium term half term and long term
What are the long term finance and working capital?
long term finance are finances used by a business more than one accounting year or it is the finance kept for future use of business.Working capital are the money used for day-to-day expenses or day-to-day running of a business.These are used for short term use in the business.for example the expenses which have to be paid for a lorry driver for delivering goods to the company or business.
Is there any difference between financial manager and finance manager?
Finance manager do the general duties relating to Finance Departement. While Financial Manager deals with the acquisationa and utilization of long and short term funds (Saeed)
Two short-term sources of finance?
Following are two short term sources of finance: 1 - Creditors 2 - Banks
What are the differences between accounting finance and bookkeeping?
Accounting is a broad term that refers to accumulating, organizing, analyzing and reporting data on financial events. Accounting is usually focused on the past. There are several different fields within accounting such as public accounting, managerial accounting, tax accounting, etc. Finance generally looks toward the future and deals with managing current and future cash flows. Investing and treasury management are two common tasks for which the finance function is often responsible. Bookkeeping is a function within accounting that is charged with recording financial transactions and sometimes organizing the transactions into financial statements. Bookkeepers are typically entry level employees that may have no or little formal education in accounting.
What is the definition of housing finance?
The definition of housing finance can vary in different regions and countries. The term finance often is referred to as dealing with monies. Therefore housing finance is often defined as housing monies or housing loans.
